Question: View Policies Current Attempt in Progress At December 31. Pronghorn Corporation reports net income of $518,400. Prepare the entry to close net income. (List

net income of $518,400. Prepare the entry to close net income. (List

all debit entries before credit entries. Credit account titles are automatically indented

when amount is entered. Do not indent manually.) Date Account Titles and

View Policies Current Attempt in Progress At December 31. Pronghorn Corporation reports net income of $518,400. Prepare the entry to close net income. (List all debit entries before credit entries. Credit account titles are automatically indented when amount is entered. Do not indent manually.) Date Account Titles and Explanation Dec. 31 Debit Credit

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